Swank Capital, LLC has launched the NXG Cushing Midstream Energy Fund, a closed-ended balanced mutual fund that invests globally with a focus on the United States. The fund, managed by Swank Energy Income Advisors L.P., primarily invests in MLPs, Other Natural Resource Companies, and global commodities, using a fundamental analysis approach. The securities in its portfolio include MLPs, other equity securities, debt securities, and securities of non-U.S. issuers. The fund was formed on May 23, 2007, and is based in Dallas.